6) What was studied mainly in public finance?
a) Income and expenditure of private people b) Audit of NGOs
c) Government Deposits and Expenditure d) Salary and Expenditure of Government Employees
Answers
Answer:
option c is the correct answer
Answer:
6)
Public Finance is the branch of economics that studies the taxing and spending activities of government. The term is something of a misnomer, because the fundamental issues are not financial (that is, relating to money). Rather, the key problems relate to the use of real resources.
a) income and expenses is simple: income is the money your business takes in and expenses are what it spends money on. Your net income is generally your revenue, or all the money coming into your business, minus all of your expenses.
b)Audits are established as public trusts under trust laws or as files formed under the Societies Registration Act or as companies ed under of the Companies Act 1956. Further, the act itself requires the NGO receiving a foreign contribution to get books of account audited by chartered accountants. ...
c)
Federal Reserve Deposits, also known as Federal Reserve Accounts, are deposits of gold or, later, Treasury Bills placed by United States banks with the Federal Reserve, the central bank.
d)
The expenditure on base pay increased 331 percent, from Rs 27,834 crore to Rs 120,002 crore, over a decade to 2017. ... In 2016-17, basic salary formed 66 percent of central government salaries, followed by DA (16 percent).